Ad Majorem.....Wealth Builders
Rizal Philippines
January 24, 2018
Millenials are known to be spending on vacations on food, and things that are only for consumption rather than for savings and investment, making them ill prepared for any emergencies or their future. The emphasis is on now, not the future.
Hence a TV station prescribed three easy advice on frugality and savings for frugality:
1. SAVINGS NOT CRAVINGS
2. STOP DONT SHOP
3. STAYCATION NOT VACATION
May be you will save a lot and not live a life of a pauper when times get rough
Thursday, January 24, 2019
Saturday, January 5, 2019
10 companies will be extinct for the next 10 years
Ad Majorem.....Wealth Builders
1. Restaurants
2. Retailers
3. Insurance
4. Cars (because of Uber)
5. Journalism
6. College and sports
7. Gas Station
8. Politics
1. Restaurants
2. Retailers
3. Insurance
4. Cars (because of Uber)
5. Journalism
6. College and sports
7. Gas Station
8. Politics
Why you need to improve work ethic to improve your career
Ad Majorem.....Wealth Builders
Tim Ferris formula of 4 hour work week does not work...
If you do not have work ethic
Work - a physical or mental work to achieve goal
Ethic - science of moral - a standard of behavior or right and wrong, what is acceptable
Your ethic, what is acceptable varies according to inviduals
1. A person with good work ethic is predictable; any disruption creates a disruption; when you disrupt you lose the momentum.
2. Consistency. You do things as per procedure
3. Proper preparation (You are confident if you are prepared for a meeting, conference, speech) Prepare
ahead.
4. Do more (in accordance with a purpose) Do a liitle bit more
5. Do it now mentality, not later, not tomorrow. Avoid procrastinate
6. Find a running mate to push each other (a coach; working hard buddy)
7, Remove excuses
8. Have a to do list
9. Remove leaks (the waste, delays)
10. Cut the fat
11. Take the shot even it it is not perfect
12. Eat right for energy
13. Avoid burn out
14. You motivate/reward yourself
Tim Ferris formula of 4 hour work week does not work...
If you do not have work ethic
Work - a physical or mental work to achieve goal
Ethic - science of moral - a standard of behavior or right and wrong, what is acceptable
Your ethic, what is acceptable varies according to inviduals
1. A person with good work ethic is predictable; any disruption creates a disruption; when you disrupt you lose the momentum.
2. Consistency. You do things as per procedure
3. Proper preparation (You are confident if you are prepared for a meeting, conference, speech) Prepare
ahead.
4. Do more (in accordance with a purpose) Do a liitle bit more
5. Do it now mentality, not later, not tomorrow. Avoid procrastinate
6. Find a running mate to push each other (a coach; working hard buddy)
7, Remove excuses
8. Have a to do list
9. Remove leaks (the waste, delays)
10. Cut the fat
11. Take the shot even it it is not perfect
12. Eat right for energy
13. Avoid burn out
14. You motivate/reward yourself
How to be a millionaire - it is easier than you think?
Ad Majorem.....Wealth Builders
How to become a millionaire
How many have climbed Mt Everest only 4,000 out of 7 billion people
How many new millionaires are created annually in in USA 620,000 / 300 million. population
1,700 new millionaires are minted in USA daily (can we have a third of that in the PHL say 550)
CAN YOU BE ONE OF THEM?
Things to consider:
1. Logic Emotion
Math 1 Belief vs Lie (I want to be a millionaire - is a lie now)
It is a future truth
2. Perspective (see the big picture) make big small
(it is not a big deal)
3. Question everything
4. Focus on what you do to fix yourself to reach
that number (new truth)
5. New truth:
Discipline
1 . Out work
2. Out think
3. Out last
4. Out strategize
How many do you sell to make P83,333.00 a month
How many downline do you need to get your ORC for you?
What you need to develop permanently to be a millionaire. You need to develop skills to that money that goes around the economy stays with you to pile up the money to invest
1. Persuasion (to be a millionaire, to recruit people, to attract investors). You got to psyche yourself
Learning how to sell, learning how to negotiate
2 Reading people (how to psyche people) who are scammers, read employees, Only paranoid survive
How to treat people well To be considerate; Reading signs of buying, investing..
3. Sharing the wealth (tithing) or having stocks being public; creating wealth for others; creating jobs
When you go into business, more people make money. Midas touch
4. Millionaires master leverage... (In order to level up, you have to leverage, scale up in a big way)
Crowd sourcing, crowd funding; team, recruting, social media, collaborating. What must I do to make
things work
5. Recruit: board, sales people, new staff, executives. mentors, investors
6. Energy Management having sleep, physical fitness.
7. . Problem Solving (what’s worth putting time into or not into)
8. Time Management(instead of spending time on social media spend time selling)
How to become a millionaire
How many have climbed Mt Everest only 4,000 out of 7 billion people
How many new millionaires are created annually in in USA 620,000 / 300 million. population
1,700 new millionaires are minted in USA daily (can we have a third of that in the PHL say 550)
CAN YOU BE ONE OF THEM?
Things to consider:
1. Logic Emotion
Math 1 Belief vs Lie (I want to be a millionaire - is a lie now)
It is a future truth
2. Perspective (see the big picture) make big small
(it is not a big deal)
3. Question everything
4. Focus on what you do to fix yourself to reach
that number (new truth)
5. New truth:
Discipline
1 . Out work
2. Out think
3. Out last
4. Out strategize
How many do you sell to make P83,333.00 a month
How many downline do you need to get your ORC for you?
What you need to develop permanently to be a millionaire. You need to develop skills to that money that goes around the economy stays with you to pile up the money to invest
1. Persuasion (to be a millionaire, to recruit people, to attract investors). You got to psyche yourself
Learning how to sell, learning how to negotiate
2 Reading people (how to psyche people) who are scammers, read employees, Only paranoid survive
How to treat people well To be considerate; Reading signs of buying, investing..
3. Sharing the wealth (tithing) or having stocks being public; creating wealth for others; creating jobs
When you go into business, more people make money. Midas touch
4. Millionaires master leverage... (In order to level up, you have to leverage, scale up in a big way)
Crowd sourcing, crowd funding; team, recruting, social media, collaborating. What must I do to make
things work
5. Recruit: board, sales people, new staff, executives. mentors, investors
6. Energy Management having sleep, physical fitness.
7. . Problem Solving (what’s worth putting time into or not into)
8. Time Management(instead of spending time on social media spend time selling)
9. Money management
11. Learning( constantly working on improving your craft. Have beginner mindset.)
Steps on becoming a millionaire
Ad Majorem.....Wealth Builders
Great advice by Grant Cardone
Why you must aspire to save millions? Start earning now... If you have no income, if you have one million, you are going to be poor.
If you spend P10k a month P1,000,000/10,000 = 100 months (less than 10 years)
You want to be a millionaire because you want to to be financially secure.
So are you going to settle for only basic salary? Is your target enough...
Steps:
1. Set target not lower than 10 million
If you have changed your target, everything changes...
2. Have 40% target to invest (store money? ) Invest If you store money, you lose it....
3. Invest; for that matter treat every customers as investors...
If possible, rent dont own cars or houses... Store your money to invest...
Rules: 1. Dont lose
2. Dont lose
At bank, you lose money, you double your money in 33 years
4. Seek passive income that exceeds your monthly income
1. Source of salary to pay off your expenses
2. The other source of income to give you financial freedom
Imagine many brooks or streams flowing into a main river
Great advice by Grant Cardone
Why you must aspire to save millions? Start earning now... If you have no income, if you have one million, you are going to be poor.
If you spend P10k a month P1,000,000/10,000 = 100 months (less than 10 years)
You want to be a millionaire because you want to to be financially secure.
So are you going to settle for only basic salary? Is your target enough...
Steps:
1. Set target not lower than 10 million
If you have changed your target, everything changes...
2. Have 40% target to invest (store money? ) Invest If you store money, you lose it....
3. Invest; for that matter treat every customers as investors...
If possible, rent dont own cars or houses... Store your money to invest...
Rules: 1. Dont lose
2. Dont lose
At bank, you lose money, you double your money in 33 years
4. Seek passive income that exceeds your monthly income
1. Source of salary to pay off your expenses
2. The other source of income to give you financial freedom
Imagine many brooks or streams flowing into a main river
10 things rich people do
Ad Majorem.....Wealth Builders
10 things that rich people do that poor dont do?
1. Self education
2. Find mentors (seek role models)
3. Finding passive income (to multiply your income stream)
4 Know difference between assets and liability
Assets - generate income
Liability- expenses
5. Buy strategically (but assets that generate income or reduce expense)
6. Differentiate between Net Income and Networth (how much do you keep)
7. Value = Money
Effort = Money ? Most working men focus on this
8. Focus on opportunities not problems or obstacles
9. Rich promote what they are good at. (on strength)
10. Surround yourself with awesome and passionate people
10 things that rich people do that poor dont do?
1. Self education
2. Find mentors (seek role models)
3. Finding passive income (to multiply your income stream)
4 Know difference between assets and liability
Assets - generate income
Liability- expenses
5. Buy strategically (but assets that generate income or reduce expense)
6. Differentiate between Net Income and Networth (how much do you keep)
7. Value = Money
Effort = Money ? Most working men focus on this
8. Focus on opportunities not problems or obstacles
9. Rich promote what they are good at. (on strength)
10. Surround yourself with awesome and passionate people
Five Laws of Gold - why some people are rich and some are poor
Ad Majorem.....Wealth Builders
5 rules of Gold
1. Set aside 10% of your earnings for your investment
2. Invest your money (multiply your money; parable of the talents)
Differentiate between luxury and necessities. Consider investments as your soldiers bringing back to your
wealth
3. Seek wise advice; no gut feel or go with fad; seek professionals, avoid scam... Seek experts
4. Seek business that you are familiar with
5. Gold flees the man who seek impossible returns...(There is no get rich quick scheme)
5 rules of Gold
1. Set aside 10% of your earnings for your investment
2. Invest your money (multiply your money; parable of the talents)
Differentiate between luxury and necessities. Consider investments as your soldiers bringing back to your
wealth
3. Seek wise advice; no gut feel or go with fad; seek professionals, avoid scam... Seek experts
4. Seek business that you are familiar with
5. Gold flees the man who seek impossible returns...(There is no get rich quick scheme)
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